Posted on June 5, 2020 by email@example.com in Uncategorized
More PPP Flexibility
The U.S. Senate passed the House version of Paycheck Protection Program (PPP) legislation on the evening of June 3rd, tripling the time allotted for small businesses and other PPP loan recipients to spend the funds and still qualify for forgiveness of the loans.
The Senate approval sends the House bill, called the Paycheck Protection Flexibility Act, to President Donald Trump, who is expected to sign it.
Following is a summary of the legislation’s main points compiled by the American Institute of Certified Public Accountants:
The deadline to receive a PPP loan remains June 30, so if you intend to apply, contact your lender ASAP.
Two member roundtable Zoom calls are scheduled in July. Join in the conversation!
Do You Have a Plan?
A subject of interest on recent member calls was the importance of having a written plan to address coronavirus-related practices and procedures in your shop. A plan “in your head” simply doesn’t cut it. It’s important that it be documented and communicated throughout the shop so that everyone is on the same page when it comes to protocol and actions to be taken. It can also provide some safeguards for your business in the event a determination needs to be made as to where an infected employee is likely to have contracted the virus – in the workplace or elsewhere.
We’ve previously directed you to the following resources:
In addition, Alliance member Heppner’s Auto Body has shared their protocol here.
This is what Alliance membership is all about – sharing information and helping each other to strengthen the industry as a whole. Thank you, Heppner’s, for leading by example!
Governor Further Eases Restrictions
Governor Walz announced today (6/5) a further easing of restrictions relating to COVID-19. Effective June 10th, the following guidelines will be in place: